NFT is the most recent trend storming the cryptocurrency market.
Trends come and go, and market conditions change. As we grow in our knowledge of the blockchain and its many potentials, more projects would be created and more aspects of crypto would be uncovered.
Some trends like alt season occur in cycles, some like ICOs have been modified to IDOs and IEOs, and some like DeFi are still very much in use because of its benefits.
NFTs or nonfungible tokens are digital assets like art pieces, music, game pieces, and digital land that are unique and cannot be replaced by something else. There has been a massive influx of cash into the NFT space and as concerns rose up about the future of bitcoin when it first came out, so has concerns about the future of NFTs risen up.
What do you think the future holds for NFTs and what NFT project has got you fascinated of recent?
Will the NFT trend continue?
We have asked 5398 Experty community members questions related to "What's next for NFTs? Check TOP 10 upcoming NFT projects in Q3 2022". We have received many valuable replies, the best ones (based on Experty community feedback) you can read below.
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Entrepreneur, crypto investor, programmer
What do you think about the future of NFT? Will this trend continue growing?
Yes, it will continue to grow. But the direction of it's development could change a bit. NFTs with a potential of a regular passive income(like period dividends , or APY, etc.) will become more popular instead of a simple NFTs (like a collectible art, pictures) those were popular at the beginning.
In which NFT projects you will invest in Q3 2022?
I think it's worth to invest in NFTs by Biswap, which is dynamically growing platform and has also own NFT marketplace among many other available functions. Also they have the NFT staking option with a very high APY(~1400% for now)! Staked NFTs bring you a certain income every day as a share of the total daily pool of BSW, WBNB, USDT tokens(and other tokens might be included too time to time), in proportion to the qty of your NFT's staked and to the so-called 'power' each of them. This platform is non-custodial, means all operation are providing by smart contracts & dex, no human hands touch, that makes it much safe. P.S. The indicacated above APY is changing dynamically every minute as well as prices of all coins&tokens mentioned could change due to a volatility. So DYOR carefully before investing.
Why did you choose this project? What caught your attention in this project?
1. It has NFT's staking option, which brings an income daily. Means i recover the initial investment every day, less amount of capital remains under risk. 2. The income is paid directly to my BSC address and in a such coins as BSW, WBNB, USDT those have a high liquidity on many dex&cex. So i can sell it at any time , so reduce risks due to the crypto market volatility in this way. 3. NFT staked are not locked for a such certain while. I'm able to unstake them at any time without loosing an income previously gained. 4. The price of NFTs themselves could grow too and i can sell them on project's native marketplace at any time, if decide that it could bring more profit than staking.
What is your price prediction for this project?
The current BSW price is $1.11 that is about 50% below ATH. So i think it has a good chance to recover back to $2.
James BarcusIT VP
What do you think about the future of NFT? Will this trend continue growing?
The future of NFTs is absolutely guaranteed. Not only will the original value of NFTs due to rarity and demand like standard collectables the ever-increasing usefulness of NFTs continues to expand cementing a place for them far past the foreseeable future.
In which NFT projects you will invest in Q3 2022?
I will continue to invest in gaming NFTs and NFT projects such as Arweave, NFTb and NFTBS. For new projects to invest in I have been looking forward to the land sale of Big Time, Everdome, and the Lunaverse.
Why did you choose this project? What caught your attention in this project?
I have been a big fan of MetaHero and what they have already implemented, so investing in Everdome is a simple decision. Plus it is a project I am looking forward to participating in. The Lunaverse because I am a Terra LUNA fan and believe it will be the top running ecosystem. And finally I believe that Big Time will be one of the biggest, most successful games in crypto gaming.
What is your price prediction for this project?
In all truth and dismay I do not see Q3 being much better than Q2, so I am not planning on shorts. For the Lunaverse the marketcap is incredibly low so a short 2x plus or minus is easy to see, but a 100-1000x is very possible over the next year. Big Time has yet to release with the exception of some land sales so like other gaming tokens it will probably release strong, drop to below ICO prices, then start climbing back up. Everdome has much higher marketcap, but has great potential, so I could certainly see a 10-100x within the next year.
Lester LiwagTrader
What do you think about the future of NFT? Will this trend continue growing?
The future of NFT is pretty good because of BAYC that introduce an airdrop token to the holders of their NFT which is their native token. The NFT trend will continue to grow because even celebrity is now adopting the new style of investment.
In which NFT projects you will invest in Q3 2022?
The NFT projects that i will invest in Q3 2022 is elrond NFTs and the network will launch NFT marketplace.
Why did you choose this project? What caught your attention in this project?
They offer staking that rewards you a token that you sell it and trade. And also by just holding your NFT and SFT you recieve wonderful rewards either token and more NFT that you can trade.
What is your price prediction for this project?
It's about more or less 0.5 egld.
Ryan MunnTechnology - Finance - Operations - Sales - Marketing - Business Development - Leadership - Coaching - Non-stop Achiever
What do you think about the future of NFT? Will this trend continue growing?
The universe and all its contents are non-fungible objects making up everything. What we call NFT today is just a digital representation of that reality. We will eventualy generate a digital record and tokenization of everything to enable a more efficient, transparent, and accountable society. First we must scale, both with infrastructure and public mind share. New markets will drive the onboarding of the traditional functions of our economy through DeFi, GameFi and DAO structures organized around digital representation. As more interaction occures among decentralized and centralized systems, the use-cases will go from game platforms to real estate and insurance. Real world art will reference the Blockchain for input from artists who design a century of releases on the Blockchain to outlive themselves and real estate transactions will be completely on-chain, including smart contract insurances and mortgage contracts, along with your deed and your attorney and inspectors credentials will be NFTs.
In which NFT projects you will invest in Q3 2022?
Interchain Live
Why did you choose this project? What caught your attention in this project?
It is my project since 2017. It is what the industry and people need. Information, education, tools, and connections with other people to help.
What is your price prediction for this project?
$70M Market Cap
Jansugi GoguadzeDriver
What do you think about the future of NFT? Will this trend continue growing?
It certainly continues to grow. The future of NFT is great, it will be explored by many more followers and artists. It is a living organism. It also has progress and regression, changes. Nothing is constantly growing. It is true that WEB-3 competes, but the competition is a healthy one. More or less to compare the network of etherium and smartzine, even polygen. They are also competitors and they also have a future.
In which NFT projects you will invest in Q3 2022?
It is difficult to say this in advance. However I think with small funds I would choose from the Polygen network. Etherium network projects are expensive
Kacy RolleSelf-employed
What do you think about the future of NFT? Will this trend continue growing?
The NFT industry has explored into a new phenomenon, allowing people to create and explore new ideas, with this been said gamers have a new and advanced world a gamers dream. I think it will keep growing.
In which NFT projects you will invest in Q3 2022?
Mobox is one to look at in my opinion.
Why did you choose this project? What caught your attention in this project?
Mobox has shown and continues to show many new games and ways of receiving NFTs and with this in hand it allows users the opportunity to be a part of this new metaverse
What is your price prediction for this project?
I think with this new world the price could go from $20 to $50 and beyond.
Stas KononenkoIT Programmer, Investor
What do you think about the future of NFT? Will this trend continue growing?
yes! because look at trends! now crypto is down but people going to nft
In which NFT projects you will invest in Q3 2022?
step app
Why did you choose this project? What caught your attention in this project?
trends, daomaker projects always making profits. i investet in step app for 0.1 USD and now its 0.6 USD . Also there is a lot of nft projects
Ryuhiro YagamiI am not a special person
What do you think about the future of NFT? Will this trend continue growing?
Well, NFT is a paid data sharing like image, video, etc. So, if every user us appreciated all of the hardwork of creator. It will keep growing for digital market
In which NFT projects you will invest in Q3 2022?
Art or Game
Why did you choose this project? What caught your attention in this project?
With NFT the content creator will get the real value of their hard work. I caught it keep growing the profit through digital assets and it will help of the content creator.
Mwila WiseGeneral Manager @ Excoincial Exchange
What do you think about the future of NFT? Will this trend continue growing?
The future of NFT will continue making Blockchain its utility therefore a very important asset for cryptocurrency projects to keep on developing and evolving it thus the trend for NFTs will continue eg; the coming of NFT v2.0 NFT v3.0 etc will keep evolving.
In which NFT projects you will invest in Q3 2022?
Otherwise project by BAYC
Why did you choose this project? What caught your attention in this project?
This project is behind the current surge for Apecoin which will be used as it's utility in the metaverse. Yes it's NFTs and the metaverse will rock the virtual world.
What is your price prediction for this project?
Apecoin will keep surging till it surpasses $50 by the end of Q3.
Anatolii YuziukCrypto holder, NFT creator
What do you think about the future of NFT? Will this trend continue growing?
I believe that the trend in NFT will grow. More and more interesting projects appear, for example, NFT mining in games.
In which NFT projects you will invest in Q3 2022?
Game2Earn.
Why did you choose this project? What caught your attention in this project?
I am attracted by the value of nft details of the characters in the game, these are clothes, weapons, magical aura, and so on. The ability to apply these NFT elements to the game character. as well as. to benefit from the sale, or simply to donate.
Summary
There's so much optimism about the future of NFTs. People are optimistic about the future of NFTs because of the increasing interest in and demand for NFTs, their present use case within metaverses and the expectations of people as regards an increase in use cases, the development of more projects, and the evolution and shift of NFTs from art and collectibles, which predominate the market, to realworld assets. The belief that NFTs are here to stay is also because they are a way by which content creators showcase and sell their works. Some NFTs like the "10,000 collections" NFTs are expected to lose value and some, because of the network they use, are expected to gain value.
With so much optimism about NFTs, there are doubts about its future as it is believed that a new trend will pop up that will make NFTs a thing of the past.
Many projects are of interest to people, from launched and about to launch, to well known and still upcoming. Interest in NFTs can be because of their features: metaverse projects like SecondLive, Bit.country, NFTstar, The Sandbox, Decentraland, and Mobox; projects with gaming and playtoearn features like CatsWorld, ZED RUN, Atlas, Illuvium; arts and collectibles like bored apes, Pigs of New York, Bayc, Neptune, and Mechs of Solana; and projects with the movetoearn feature like Step app and STEPN.
Interest in NFTs can also be because of the network on which they are built. Projects on the Solana network, Tezos network, Elrond network, Wax network, and Polygon network are common because of the speed of transactions and the low gas fees.
The team, other use cases, sustainability, the achievement of the project thus far, the community, staking feature, and the potential for brand and celebrity collaborations are other factors that can make people interested in different projects.
As people are optimistic about the future of NFTs, so are they optimistic about the price NFTs can get to. Some believe in a 60% to 120% increase in the price of NFTs from ATH and some believe prices of NFTs will increase to $1600 or even to 250eth or 100sol. Some people would rather the user base of the NFTs and the market cap of the associated token increase.
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.